$909,900

$949,900For salePrice drop↓ $40,000 (4%)

240 Wellington Street, Kingston (East of Sir John A. Blvd) - Multi-family for Sale

240 Wellington Street, Kingston (East of Sir John A. Blvd), Ontario, K7K2Y8

5 beds2 baths0 parking1,300 ft²21 × 66 ft (1,377 sq ft) lot sizeListed 49 days ago

Overview

This multi-family property in Kingston is for sale offering roughly 1,300 sq ft of space. It has been on the market 49 days, fresher than the Kingston average of 85 days.

Multi-Family Properties for Sale in Kingston →All real estate in Kingston →

Description

Welcome to 240 Wellington Street, a highly desirable property perfectly situated in the heart of downtown. Just a short stroll from Queen's University, vibrant shopping districts, top-rated restaurants, and all the conveniences of urban living. This duplex offers both charm and functionality. The main floor features a bright and spacious1-bedroom plus den unit currently rented at $1,837.80/month. The upper level is a 4-bedroom unit with ample space and character. Currently being rented for $2300.00. Both units are thoughtfully designed with modern finishes, including stainless steel appliances, in-suite laundry, and separate hydro panels for added convenience. Step outside to a west-facing, fenced backyard - perfect for relaxing or entertaining. Whether you're looking for a fantastic place to call home with the added benefit of supplemental income or seeking a smart investment in a prime location, this property checks all the boxes. Don't miss this exceptional opportunity - schedule your showing today! The main floor unit is month to month. Ideal situation for an owner occupant scenario, or a parent looking to house a child going to Queen's. (id:66096)

Property Details

MLS®: X13799012
Property Type: Multi-family
Zoning: DT-1: Mixed Use
Bedrooms: 5
Beds (above / below): 1 above · 4 below
Bathrooms: 2
Parking: 0
Interior Size: 1,300 ft²
Lot Size: 21 × 66 ft (1,377 sq ft)
Frontage: 21 ft
Storeys: 3
Basement: Unfinished, Partial
Heating: Baseboard heaters, Electric
Cooling: Window air conditioner
Garage: No Garage
Property Tax: $4,238.34/yr
Listed: 49 days ago

Rooms

Main level

Bathroom: 2.11 x 3.2 meters
Bedroom: 4.56 x 3.44 meters
Dining room: 1.56 x 2.02 meters
Kitchen: 3.44 x 2.41 meters
Living room: 3.15 x 4.63 meters

Third level

Bedroom: 5.1 x 3.33 meters
Bedroom: 2.79 x 3.4 meters

Second level

Bathroom: 2.3 x 2.2 meters
Bedroom: 2.38 x 3.33 meters

Features

Appliances: Refrigerator, Water meter, Stove, Microwave
Foundation: Stone
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

49d

Kingston (East of Sir John A. Blvd) listings, avg age

85d

Price / ft²

$700

List price

$910K

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 5-bed multi-family in Kingston (East of Sir John A. Blvd) has been listed for 49 days, which is 36 days fresher than the city average of 85. Act while there is still low competition.

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Listed by RE/MAX SERVICE FIRST REALTY INC., BROKERAGE · LUCA ANDOLFATTO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K7K)

This home lists at $909,900, about 13.6× the local median household income of $67,000.

Carrying it typically needs a household income of about $177,735 (20% down, 25-yr amortization, stress-tested) — roughly 165% above the area median.

Median household income: $67,000
Population: 33,705
Median age: 37.2
Owner / renter: 44% / 56%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA K7K)

$909,900· $700/ft²

For sale

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Full Cost Breakdown

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Down Payment7.25% · $65,990

Min 7.25%50%

Mortgage payment$4,679/mo

↳ CMHC premium ($33,756 capitalized)

Property tax (est.)$353/mo

Total monthly$5,032

Cash Needed to Close

Down payment (7.25%)$65,990

Land transfer tax$14,673

Est. closing costs$5,230

Total cash needed$85,893

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